32 Percy StreetPortland VIC 3305
Property Details for 32 Percy St, Portland
32 Percy St, Portland is a 4 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 859m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in March 2019.
Last Listing description (March 2026)
Located in the heart of the Portland CBD, 32 Percy Street presents a rare and outstanding opportunity for savvy investors seeking a secure, high-performing asset with long-term growth potential.
Set on a generous 739m allotment, this versatile property comprises three fully leased commercial tenancies on the ground floor, providing solid and consistent income. Above, the first floor features two well-appointed residential apartments, each offering 2 bedrooms, 1 bathroom, and breathtaking views over the bay.
The property is currently held on a single title but boasts approved plans for a 5-lot subdivision, offering significant development flexibility (STCA). This enhances the already strong value proposition, with scope for unit development or future resale of individual components.
With an average return of approximately 7%, this is a lucrative opportunity bolstered by its prime location-just steps from Portland's Central Business District, foreshore, and everyday amenities.
Adding further value, planning approval is in place for each unit and shop, enhancing future adaptability and resale options.
For more ifnormation on this property contact Assets Real Estate on 5522 3333!
Property History for 32 Percy St, Portland, VIC 3305
- 04 Sep 2025Listed for Rent $330 / week
- 10 Jul 2025Listed for Sale CONTACT AGENT
- 10 Jun 2024Listed for Sale $950,000-$1,000,000
Recent sales nearby
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0About Portland 3305
The size of Portland is approximately 33.5 square kilometres. There are 28 parks, covering nearly 6.2% of the total area. The population of Portland in 2016 was 9712 people. By 2021 the population was 10016 showing a population growth of 3.1% in the area during that time. The predominant age group in Portland is 60-69 years. Households in Portland are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Portland work in a professional occupation.In 2021, 70.00% of the homes in Portland were owner-occupied compared with 65.20% in 2016.
Portland has 6,683 properties. Over the last 5 years, Houses in Portland have seen a 45.78% increase in median value, while Units have seen a 24.89% increase. As at 31 July 2026:
- The median value for Houses in Portland is $497,942 while the median value for Units is $294,174.
- Houses have a median rent of $480 while Units have a median rent of $400.
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